U.S. home prices continued to rise rapidly in March, propelled by low inventory and record demand from millennial buyers, CoreLogic’s home price index shows.
The firm’s data show that home prices increased 2% in March compared with February and were up 11.3% compared with March 2020.
Year-over-year, Idaho and Montana had the strongest price growth in March, up 25% and 18.8% respectively, as they continue to see an uptick in inbound migration from buyers